* Spot gold was little changed at $1,800.78 per ounce as of 0037 GMT, after hitting its highest level since Aug. 10 earlier in the session. U.S. gold futures were steady at $1,814.60.
* Bullion jumped about 2% on Thursday, setting it on track for its second straight weekly gain.
* The dollar index was headed for a weekly loss of over 1%. A weaker greenback makes dollar-priced gold less expensive for overseas buyers.
* Fed Chair Jerome Powell on Wednesday said the U.S. central bank might scale back the pace of its interest rate hikes as soon as December.
* Lower interest rates tend to improve gold’s appeal as the it reduces the opportunity cost of holding the non-yielding bullion.
* Investors’ focus now turns to the U.S. Labor Department’s non-farm payrolls (NFP) data due at 1330 GMT.
* U.S. consumer spending increased solidly in October, while inflation moderated.
* Global factory output fell widely last month with U.S. manufacturing activity contracting for the first time in 2-1/2 years and the impact of China’s COVID-19 lockdowns weighing, although the downturn eased in Europe, surveys showed on Thursday.
* JPMorgan will join HSBC in storing bullion for the world’s biggest gold-backed exchange-traded fund (ETF), the fund’s operator said on Thursday, ending its rival’s sole guardianship of the $52-billion stash of gold.
* SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.16% on Thursday.
* Spot silver slipped 0.5% to $22.26, platinum fell 0.2% to $1,039.75 and palladium lost 0.7% to $1,927.21.